Our managing director (non-assurance), Mr. Clement Siu was appointed as Ordinary Member (adjudicator) in Market Misconduct Tribunal of The Government of the Hong Kong Special Administrative Region on 11 March 2021.
The Tribunal is an independent body which is established under the Securities and Futures Ordinance, and is chaired by a judge or former judge of the High Court who sits with two members.
Market misconduct includes insider dealing, false trading, price rigging, stock market manipulation, disclosure of information about prohibited transactions and disclosure of false or misleading information inducing transactions in securities and futures contracts. Such conduct is detrimental to the interests of investors and damages the reputation of Hong Kong as an international financial centre. In accordance with the Securities and Futures Ordinance (Cap. 571) (“SFO”), if it appears to the Securities and Futures Commission (“SFC”) that market misconduct or a breach of a disclosure requirement under Part XIVA of the SFO has or may have taken place, the SFC may institute proceedings before the Tribunal. The Tribunal conducts civil proceedings and, where appropriate, imposes civil sanctions against those it determines to be wrongdoers. It helps promote market confidence by protecting the interests of the investing public and reducing market malpractice.
Source from: https://www.mmt.gov.hk/en/index.html (accessed on 21 May 2021)